Capstone Mining 2014 Operating and Capital Guidance

About this update from Capstone Copper Corp.

[{"type":"text","content":"\n\n\nGuidance for Cozamin and Minto, Development Projects and Exploration\n\n\n(All amounts in US$ unless otherwise specified)\n\n\nVANCOUVER, Jan. 16, 2014 /CNW/ - Capstone Mining Corp. (\"Capstone\")\n (TSX: CS) today provided its production and capital expenditure\n guidance for 2014 for two of its three operating mines, Cozamin and\n Minto, and its development and exploration projects. Capstone expects\n to produce 38,500 tonnes (±5%) of copper in concentrates from Cozamin\n and Minto, slightly higher than 2013 production of 37,500 tonnes.\n\n\n\"The mine plans at Cozamin and Minto in 2014 call for a similar\n production level to last year,\" said Darren Pylot, President and CEO of\n Capstone. \"Our focus for 2014 will be on cost efficiencies at all of\n our operations, including Pinto Valley, for which guidance will be\n provided before the end of the first quarter.\"\n\n\n\"On the development side, we are advancing the Santo Domingo Project\n under a stage-gate decision process, where we are continuing to move\n the project forward to each decision point. In 2014 we will advance the\n engineering and work towards the Environmental Impact Assessment\n approval by early 2015,\" continued Mr. Pylot.\n\n\n2014 Production Guidance - Cozamin and Minto \n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nCozamin\n\n\nMinto\n\n\nTotal\n\n\n\n\nTonnes milled (millions)\n\n\n1.2\n\n\n1.4\n\n\n2.6\n\n\n\n\nCopper grade (%)\n\n\n1.85\n\n\n1.49\n\n\n1.66\n\n\n\n\nCopper recovery (%)\n\n\n93.4\n\n\n92.4\n\n\n93.0\n\n\n\n\n \n\n\n\n\nProduction (contained in concentrates)\n\n\n\n\nCopper (tonnes)\n\n\n20,000\n\n\n18,500\n\n\n38,500\n\n\n\n\nZinc (tonnes)\n\n\n9,000\n\n\n-\n\n\n9,000\n\n\n\n\nLead (tonnes)\n\n\n1,700\n\n\n-\n\n\n1,700\n\n\n\n\nSilver (million ounces)\n\n\n1.6\n\n\n0.2\n\n\n1.8\n\n\n\n\nGold (ounces)\n\n\n-\n\n\n17,670\n\n\n17,670\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nC1 cash costs per pound of payable\ncopper produced net of by-product\ncredits and selling costs(1)\n\n\n$1.30 -$1.40\n\n\n$2.45 - $2.55\n\n\n$1.85-$1.95\n\n\n\n\n(1) This is an alternative performance measure; please see \"Alternative\n Performance Measure\" at the end of this release. C1 cash cost per pound\n is per pound of payable copper produced. All amounts in US$ unless\n otherwise specified.\n\n...

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